Senate News

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

Lawmakers begin debating amendments to a sweeping digital asset market structure proposal as Congress looks to clarify oversight of crypto markets.

Bitwise’s Matt Hougan says crypto will have to “wrestle with prolonged regulatory grind and skepticism” if the US fails to pass a market structure bill.

US Senator Roger Marshall filed an amendment last week that would have forced companies to compete on swipe fees.

Severe storm conditions in the United States caused the Senate and other government offices to close on Monday.

The US Senate Agriculture Committee released a Republican draft of the market structure bill, which includes protections for crypto developers, setting it up for a markup next week.

The Senate Banking Committee is backing Donald Trump’s move to bar institutions from buying family homes, which could delay the market structure bill, Bloomberg reports.

The committee released a draft bill in November proposing a regulatory framework, but some lawmakers still have concerns about provisions on DeFi, ethics and stablecoins.

The Republican and Democratic Senate Judiciary leaders have called for changes to the market structure bill, arguing it would “weaken” the ability to police money transmitters.

Coinbase CEO Brian Armstrong said the industry is working on several ideas to help community banks in the CLARITY market structure bill.

Bitcoin breached the $95,000 mark this week amid a wider market recovery, as investors digested regulatory delays to the much-awaited CLARITY Act in the US.

Senate Banking Committee Chairman Tim Scott says further negotiations to garner bipartisan support for a key crypto-regulating bill are needed before it can advance.

Republicans called a digital asset market structure bill a bipartisan effort despite pushback from some Democrats on certain provisions.

Banks argue that stablecoin rewards offered through exchanges exploit a GENIUS Act loophole, blurring the line between payment tokens and savings accounts.

Galaxy says the draft crypto market structure bill would give the US Treasury new powers to freeze transactions and deploy Patriot Act–style measures.